# BRL: Rollercoaster ride continues - Rabobank — Octa

> Rabobank says the Brazilian real has lost about 4% against the dollar over the past twelve months, mostly due to global drivers such as a stronger dollar tied to US tariffs. It keeps a year-end 2019 forecast of 3.70 per USD and warns a weak pension reform could push the real toward 5.0.

- Date: 2019-06-14 · published 2019-06-14T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/58797-brl-rollercoaster-ride-continues-rabobank-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Currency moves in the real shift the relative competitiveness of Brazilian grain and meal exports, which can influence world soybean and corn prices. The forecast depends mainly on pension reform outcomes.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-12-13 | [USD/BRL: Real well positioned despite rate cuts – Commerzbank — Octa](https://feedsoft.ai/events/32941-usd-brl-real-well-positioned-despite-rate-cuts-commerzbank-octa.md) | -2.0% | -1.6% |
| USDBRL | 2018-12-24 | [Brazil: Slower GDP growth in Q4 - Rabobank - Forex Crunch](https://feedsoft.ai/events/61766-brazil-slower-gdp-growth-in-q4-rabobank-forex-crunch.md) | -1.8% | -2.9% |
| USDBRL | 2019-11-27 | [BRL: Plenty of space for BCB intervention – TDS — Octa](https://feedsoft.ai/events/56276-brl-plenty-of-space-for-bcb-intervention-tds-octa.md) | -1.7% | -4.7% |
| USDBRL | 2025-04-30 | [Central Bank likely to continue FX repo lines auctions until swap stock shrinks](https://feedsoft.ai/events/25314-central-bank-likely-to-continue-fx-repo-lines-auctions-until-swap-stock-shrinks.md) | +1.6% | +1.3% |
| USDBRL | 2023-09-26 | [Brazil inflation accelerates as cenbank reiterates rate cut pace](https://feedsoft.ai/events/34321-brazil-inflation-accelerates-as-cenbank-reiterates-rate-cut-pace.md) | +2.3% | +0.7% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/713976/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.